ESCA vs MCBS: Correlation
Escalade, Incorporated (ESCA) and MetroCity Bankshares, Inc. (MCBS) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESCA and MCBS?
On 3 years of weekly data the ESCA/MCBS correlation comes out at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.47 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 485.2 %².
Among the 11 assets we track against ESCA, MCBS ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ESCA ahead by 41.4 points (+62.2% versus +20.8%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ESCA vs MCBS: side by side
| ESCA (Escalade, Incorporated) | MCBS (MetroCity Bankshares, Inc.) | |
|---|---|---|
| 1-year return | +62.2% | +20.8% |
| 5-year return | +6.6% | +99.5% |
| Volatility (ann.) | 36.5% | 28.2% |
| Beta vs S&P 500 | 0.59 | 0.85 |
| Max drawdown (3Y) | -42.7% | -28.0% |
| Market cap | $0.3B | $1.0B |
| P/E (trailing) | 11.9 | 12.2 |
| Dividend yield | 3.03% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESCA | MCBS |
|---|---|---|
| 2022 | -32.2% | -19.3% |
| 2023 | +104.0% | +15.3% |
| 2024 | -25.9% | +37.1% |
| 2025 | -1.5% | -14.1% |
| 2026 | +52.8% | +35.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESCA and MCBS good diversifiers for each other?
Reasonably. At 0.47, ESCA and MCBS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ESCA and MCBS?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.18 over the last year and 0.36 over 5 years.
Is MCBS a good diversifier for ESCA?
Reasonably. At 0.47, ESCA and MCBS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ESCA correlations · MCBS correlations
